Do We Need a New Federal Trade Secret Law?
Forbes Tertium Quid, Sept. 16, 2014
7 Pages Posted: 19 Sep 2014 Last revised: 22 Oct 2014
Date Written: September 19, 2014
Two pending bills in Congress, the Trade Secrets Protection Act of 2014 and the Defend Trade Secrets Act of 2014, would create a brand-new federal civil cause of action for trade secret misappropriation. This essay asks why the laws are needed. The essay also critiques the proposed ex parte seizure provision.
Keywords: trade secret, uniform trade secret act, UTSA, Computer Fraud & Abuse Act, CFAA, employee mobility, Congress, misappropriation
JEL Classification: K02, K11, K42, J21, J06
Suggested Citation: Suggested Citation